Cancer Immunotherapy Market Worth $152.83 Billion by 2024

Published On: October 16, 2018

Meticulous Research® – a leading global market research company published a research report titled “Cancer Immunotherapy Market by Type (Monoclonal Antibodies, Checkpoint Inhibitors, Immunomodulators, Vaccines, Cell Therapy), Application (Lung, Breast, Multiple Myeloma, Colorectal, Melanoma, Prostate), and End User– Global Forecast to 2024“. According to this latest publication from Meticulous Research®, the global cancer immunotherapy market is expected to grow at a CAGR of 13.8% from 2018 to reach USD 152.83 billion by 2024. The high growth of cancer immunotherapy market is attributed to factors such as rising incidence of cancer globally, rising adoption of cancer immunotherapies over other conventional cancer treatments owing to the increased survival rate and less side effects with immunotherapy drugs, increasing number of ongoing clinical trials with the help of rising investments by major players in the market, and development of bioinformatics tools that are enhancing the drug development process for cancer immunotherapy market. However, high cost of the cancer immunotherapy treatment is restricting the growth of this market in emerging countries to a certain extent.

On the basis of product type, monoclonal antibodies segment commanded the largest share of the global cancer immunotherapy market in 2017. However, checkpoint inhibitors market is expected to grow at the fastest CAGR during the forecast period, owing to high success rate of PD-1 & PD-L1 drugs and increasing pipelines of biotechnology and pharmaceutical companies with combination therapies for anti-PD-1 and PD-L1 inhibitors. Moreover, cell therapy market is also expected to witness significant growth through 2024. Development of new and effective therapy options to cure symptoms of the disease is a key factor contributing to growth of cell therapy market.

On the basis of application, cancer immunotherapy market for lung cancer application commanded the largest share of the global market in 2017. Major factors propelling the growth of cancer immunotherapy market in lung cancer application are growing incidence, mortality rate, and benefits of immunotherapy to the lung cancer patients; whereas, cancer immunotherapy market for multiple myeloma applications expected to witness the highest growth rate during the forecast period. The approval of innovative caner immunotherapy for the treatment of multiple myeloma has increased the adoption of immunotherapies in treatment of multiple myeloma. Moreover, recognizing the potential of immunotherapy in multiple myeloma, major players in immunotherapy market such as Celgene, Amgen, Janssen, and Juno Therapeutics engaged in multiple collaborations to evaluate certain drug entities for the treatment of multiple myeloma.

On the basis of end user, hospitals dominated the global market. This is mainly attributed to the rise in healthcare spending which has resulted in the increasing use of immunotherapeutic drugs in hospitals and the large number of patients being treated in hospitals for cancer immunotherapy; however, clinics and other end user markets are expected to witness a rapid growth during the forecast period with the increasing number of clinics providing cancer immunotherapy, and rising number of ongoing clinical trials for immunotherapy drugs.

This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa. North America commanded the largest share of the global cancer immunotherapy market in 2017, followed by Europe and Asia Pacific. However, Asia Pacific region is expected to grow at a higher CAGR during the forecast period. Growth in this market is expected to be driven by large pool of patient population seeking the cancer treatment, increasing prevalence of cancer, aggressive investment by the major players in the market, increasing government spending on the healthcare, and increasing disposable income of the population that improved the access to cancer treatment. Furthermore, lack of stringent regulations and liberalization in Asian countries is also a key factor making Asia Pacific a lucrative market.

Which are the high growth market segments in terms of product, application, end user, and region/countries?

What was the historical market for cancer immunotherapy across the globe?

What are the market forecasts and estimates for the period 2018-2024?

What are the major drivers, restraints, opportunities, and challenges in the global cancer immunotherapy market?

Who are the major players in the global cancer immunotherapy market?

How is the competitive landscape and who are the market leaders in the global cancer immunotherapy market?

What are the recent developments in the global cancer immunotherapy market?

What are the different strategies adopted by the major players in the global cancer immunotherapy market?

What are the geographical trends and high growth regions/ countries?

Who are the local emerging players in the global cancer immunotherapy market and how do they compete with the global players?

What are the major companies with strong product pipeline in research for cancer immunotherapy?

About Meticulous Research®

Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research® produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.

Select License Type

Single User -

Multiple User -

Corporate User -

License Details

Single User:

With the help of Single User License, only an individual can use our report either electronically or online. The right to use of the report should be confined only to one authorized computer. Upon buying single user license, buyer must provide the names and email ids of the authorized users of this report.

Multi Users:

Multi-User license permits to access the report from five authorized computers. It does not permit you to share the report with other divisions and subsidiaries of the same company. Upon buying multi-user license, buyer must provide the names and email ids of the authorized users of this report.

Corporate User

With corporate use license, the complete or part of the content of the report can be shared or made available to other persons, other divisions and subsidiaries of same company. However, reproduction or redistribution of the report is prohibited without the prior permission of Meticulous Research.

Why choose Meticulous research

Research Support:
Get support from our expert analyst about your market with every purchase

Customer Support:
We offer client support team to assist you in your research need

Value Added Reports:
Report PDF, elite infographics, and easy power point presentation to get easy access to your research

Exclusive Offers:
Get free 45 hours analyst support and 10% discount on every report.
15% discount on repeat purchase

Sterilization indicators segment accounted for the largest share of the sterilization consumables market, followed by sterilization cassettes segment. The growth of sterilization indicators market is mainly driven by the growing regulatory requirements to ensure effective sterilization and widening application of sterilization technologies in general in a variety of industries.

Recent News

The global chocolate and confectionery processing equipment market is expected to grow at a CAGR of 8.0% from 2018 to reach $6,971.8 million by 2024, according to the latest publication by Meticulous Research.

The medical image management market is expected to grow at a CAGR of 7.7% from 2018 to reach $4.89 billion by 2024, according to the latest publication by Meticulous Research. The medical image management market is driven by growing investments in the medical imaging market, technological advancements, and rising geriatric imaging volumes.

Oct, 2018

Not able to find what you are looking for? Need customization to the existing report? Need a research report on any emerging market?